Govt launches National Scholarship Portal mobile app

The app aims to ensure a smooth, accessible and hassle-free scholarship system for students from poor and weaker sections.

Through the National Scholarship Portal, all scholarships are deposited directly into bank accounts of needy students under the Direct Benefit Transfer (DBT) mode.

The app will also provide students with all the information regarding various scholarships; they will be able to apply for scholarships via the app.

Indian hockey great Sardar Singh retires from the international game

Former Indian hockey captain Sardar Singh has announced his retirement from international hockey.

His decision came after the 2018 Asian Games; India won a bronze medal at the tournament and failed to defend their title.

The 32-year-old made his senior debut for India against Pakistan in 2006.

Singh has played over 350 international matches, captaining the side for 6 years.

RBI to buy government securities on the open market

The Reserve Bank of India (RBI) is set to purchase government securities (G-secs) worth Rs. 10,000 crore.

The government securities will be purchased through Open Market Operations (OMO).

The aim is to induce liquidity in the system.

When there is excess liquidity in the market, RBI sells securities, decreasing rupee liquidity; when liquidity conditions are tight, RBI buys securities from the market, increasing liquidity in the market.

Cabinet approves MoU with BRICS members on joint blockchain research

The Union Cabinet has approved a MoU on the collaborative research of distributed ledger technology (DLT).

The research will be jointly conducted by the Export-Import Bank of India (known as Exim Bank) and one bank from each BRICS member states.

The blockchain is one type of a distributed ledger.

Distributed ledgers use independent computers to record, share and synchronize transactions in their respective electronic ledgers (instead of keeping data centralized as in a traditional ledger).

Country’s 1st tribal tourism circuit launched in Chhattisgarh

Minister of State for Tourism, K J Alphons, inaugurated the country’s first tribal circuit project.

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Upasana Pradhan

Hello, my name is Upasana Pradhan, I’m currently working as a Content Writer. I have done my Masters in Electronics and Communication from Delhi Technological University, Delhi. I always had a passion for writing. Apart from that, I love listening music, hanging out with friends, Cooking and Shopping.